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How Materion uses Fairmarkit

$48k

“an average of $48k in savings per buyer”

As published on fairmarkit.com. Captured by usedby on Oct 7, 2026.

What happened

Materion's procurement team uses Fairmarkit to automate purchasing of nonstrategic items and manage tail spend by running RFQ sourcing events across many suppliers. This reduces the manual work buyers spend getting quotes and approvals.

Summary written by usedby from the source page, in English. The figures are those of Fairmarkit and Materion, not ours.

  • 15%“They have realized over 15% in average savings on spend passed through the platform”
  • $1,500“Materion has realized an average RFQ savings of over $1,500”
  • $150k“Fairmarkit enabled Materion to save almost $150k on 100 sourcing events”
  • $28k“Both small and large purchases have delivered savings, including over $28k on a single RFQ.”

They have realized over 15% in average savings on spend passed through the platform, and an average of $48k in savings per buyer. With typical RFQ sizes over $8,000 and an average of 3 bids received per RFQ, Materion has realized an average RFQ savings of over $1,500.

From the page. fairmarkit.com, captured Oct 7, 2026

I’ve taken Fairmarkit and the service that it’s offered and I’m building a culture around it to take us into the next 10 years of the business cycle.

David Yost, Buyer Supervisor, Materion. Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: $48kCheckedPrinted word for word on the page, near the name of Materion.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Materion.
  • Materion uses FairmarkitCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

8.5%“8.5% in awarded savings”Arauco uses Fairmarkit. Another customer of Fairmarkit14%“They have 6% awarded savings with 14% identified (mostly in Equatorial New Guinea).”Atlantic Methanol uses Fairmarkit. Another customer of Fairmarkit$2,000“average savings of about $2,000 per RFQ”Blue Cross Blue Shield of Kansas City (BCBS KC) uses Fairmarkit. Another customer of Fairmarkit